February 13, 2018 / 1:10 PM / 3 months ago

BRIEF-Ares Capital And Varagon Capital Expand Senior Direct Loan Program To $6.4 Bln

Feb 13 (Reuters) - Ares Capital Corp:

* ARES CAPITAL CORPORATION AND VARAGON CAPITAL PARTNERS EXPAND SENIOR DIRECT LOAN PROGRAM TO $6.4 BILLION

* ARES CAPITAL CORP - $2.5 BILLION OF NEW CAPITAL AVAILABLE FOR SENIOR DIRECT LOAN PROGRAM FROM AIG AND ANOTHER LARGE, GLOBAL INSURANCE COMPANY

* ARES CAPITAL - AIG, AN EXISTING INVESTOR IN CO AND VARAGON’S SENIOR DIRECT LENDING PROGRAM, INCREASED ITS CAPITAL AVAILABLE BY $500 MILLION TO $2.75 BILLION Source text for Eikon: Further company coverage:

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